10-K Filing

DSS, INC. CIK: 771999 FY 2015

Filing Information

Form Type	10-K
Accession Number	`0001493152-16-008415`
Period End Date	20151231
Filing Date	20160330
Fiscal Year	2015
Fiscal Period	FY
XBRL Instance	dss-20151231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 47 Cash Flow Statement 64 Stockholders Equity 22

Balance Sheet 61 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.02	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.02	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	200.00M	shares	Point-in-time
Cash	`Cash`	$2.34M	USD	Point-in-time
Cash	`Cash`	$1.44M	USD	Point-in-time
Cash	`Cash`	$1.98M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	46.17M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	51.88M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$355.79K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	46.17M	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$293.04K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	51.88M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.10M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.10M	USD	Point-in-time
Inventory	`InventoryNet`	$869.26K	USD	Point-in-time
Inventory	`InventoryNet`	$937.83K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$425.67K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$313.53K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.09M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.08M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$5.00M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$5.02M	USD	Point-in-time
Investments and other assets, net	`OtherAssetsNoncurrent`	$100.63K	USD	Point-in-time
Investments and other assets, net	`OtherAssetsNoncurrent`	$686.91K	USD	Point-in-time
Goodwill	`Goodwill`	$15.29M	USD	Point-in-time
Goodwill	`Goodwill`	$12.05M	USD	Point-in-time
Goodwill	`Goodwill`	$2.45M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$3.02M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$3.91M	USD	Point-in-time
Total assets	`Assets`	$15.66M	USD	Point-in-time
Total assets	`Assets`	$27.75M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.04M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.95M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherAccruedLiabilitiesCurrent`	$2.00M	USD	Point-in-time
Accrued expenses and other current liabilities	`OtherAccruedLiabilitiesCurrent`	$1.96M	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$4.02M	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	-	USD	Point-in-time
Current portion of long-term debt, net	`LongTermDebtCurrent`	$1.55M	USD	Point-in-time
Current portion of long-term debt, net	`LongTermDebtCurrent`	$754.75K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.49M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.79M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$7.44M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$2.26M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$63.70K	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$520.18K	USD	Point-in-time
Deferred tax liability, net	`DeferredTaxLiabilitiesNoncurrent`	$145.76K	USD	Point-in-time
Deferred tax liability, net	`DeferredTaxLiabilitiesNoncurrent`	$162.11K	USD	Point-in-time
Common stock, $.02 par value; 200,000,000 shares authorized, 51,881,948 shares issued and outstanding (46,172,404 on December 31, 2014)	`CommonStockValue`	$923.45K	USD	Point-in-time
Common stock, $.02 par value; 200,000,000 shares authorized, 51,881,948 shares issued and outstanding (46,172,404 on December 31, 2014)	`CommonStockValue`	$1.04M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$103.04M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$101.01M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-63.70K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-61.18K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-86.02M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-100.33M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$3.69M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$15.86M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$58.39M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$27.75M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$15.66M	USD	Point-in-time

Income Statement 47 line items

Line Item	Tag	Value	Unit	Period
Printed products	`SalesRevenueServicesNet`	$16.48M	USD	Annual
Printed products	`SalesRevenueServicesNet`	$15.70M	USD	Annual
Technology sales, services and licensing	`LicenseAndServicesRevenue`	$1.81M	USD	Annual
Technology sales, services and licensing	`LicenseAndServicesRevenue`	$1.80M	USD	Annual
Total revenue	`Revenues`	$18.29M	USD	Annual
Total revenue	`Revenues`	$17.51M	USD	Annual
Cost of revenue, exclusive of depreciation and amortization	`CostOfGoodsSold`	$11.69M	USD	Annual
Cost of revenue, exclusive of depreciation and amortization	`CostOfGoodsSold`	$10.67M	USD	Annual
Selling, general and administrative (including stock based compensation)	`SellingGeneralAndAdministrativeExpense`	$10.77M	USD	Annual
Selling, general and administrative (including stock based compensation)	`SellingGeneralAndAdministrativeExpense`	$9.27M	USD	Annual
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$5.27M	USD	Annual
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$1.56M	USD	Annual
Impairment of goodwill	`GoodwillImpairmentLoss`	$3.00M	USD	Annual
Impairment of goodwill	`GoodwillImpairmentLoss`	$9.59M	USD	Annual
Impairment of assets	`ImpairmentOfIntangibleAssetsFinitelived`	$34.03M	USD	Annual
Impairment of assets	`ImpairmentOfIntangibleAssetsFinitelived`	$500.00K	USD	Annual
Impairment of assets	`ImpairmentOfIntangibleAssetsFinitelived`	$22.29M	USD	Point-in-time
Total costs and expenses	`OperatingExpenses`	$31.59M	USD	Annual
Total costs and expenses	`OperatingExpenses`	$64.77M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-46.48M	USD	Annual
Operating loss	`OperatingIncomeLoss`	$-14.08M	USD	Annual
Interest expense	`InterestExpense`	$334.74K	USD	Annual
Interest expense	`InterestExpense`	$317.19K	USD	Annual
Net loss on debt modification and extinguishment	`GainsLossesOnRestructuringOfDebt`	$-19.10K	USD	Annual
Net loss on debt modification and extinguishment	`GainsLossesOnRestructuringOfDebt`	$-51.91K	USD	Annual
Gain on disposals of investment and equipment, net	`GainLossOnDispositionOfAssets1`	-	USD	Annual
Gain on disposals of investment and equipment, net	`GainLossOnDispositionOfAssets1`	$120.43K	USD	Annual
Foreign currency transaction gain	`ForeignCurrencyTransactionGainLossBeforeTax`	$2.31K	USD	Annual
Foreign currency transaction gain	`ForeignCurrencyTransactionGainLossBeforeTax`	$29.40K	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-46.85M	USD	Annual
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-14.29M	USD	Annual
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-988.63K	USD	Annual
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$22.18K	USD	Annual
Net loss	`ProfitLoss`	$-45.86M	USD	Annual
Net loss	`ProfitLoss`	$-14.31M	USD	Annual
Less: loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	Annual
Less: loss attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-4.70M	USD	Annual
Net loss to common shareholders	`NetIncomeLoss`	$-41.16M	USD	Annual
Net loss to common shareholders	`NetIncomeLoss`	$-14.31M	USD	Annual
Interest rate swap loss	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-33.61K	USD	Annual
Interest rate swap loss	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-2.52K	USD	Annual
Comprehensive loss:	`ComprehensiveIncomeNetOfTax`	$-41.19M	USD	Annual
Comprehensive loss:	`ComprehensiveIncomeNetOfTax`	$-14.31M	USD	Annual
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.30	USD	Annual
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.98	USD	Annual
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	42.11M	shares	Annual
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	47.76M	shares	Annual

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-45.86M	USD	Annual
Net loss	`ProfitLoss`	$-14.31M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$1.56M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$5.27M	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$974.14K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$1.36M	USD	Annual
Paid in-kind interest	`PaidInKindInterest`	$84.38K	USD	Annual
Paid in-kind interest	`PaidInKindInterest`	$48.00K	USD	Annual
Gain on disposals of equipment, net	`GainLossOnSaleOfPropertyPlantEquipment`	$-20.43K	USD	Annual
Gain on disposals of equipment, net	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	Annual
Amortization of note discount	`AmortizationOfDebtDiscountPremium`	-	USD	Annual
Amortization of note discount	`AmortizationOfDebtDiscountPremium`	$22.71K	USD	Annual
Impairment of goodwill	`GoodwillImpairmentLoss`	$3.00M	USD	Annual
Impairment of goodwill	`GoodwillImpairmentLoss`	$9.59M	USD	Annual
Impairment of intangible assets and investments inclusive of noncontrolling interest	`ImpairmentOfIntangibleAssetsExcludingGoodwill`	$34.03M	USD	Annual
Impairment of intangible assets and investments inclusive of noncontrolling interest	`ImpairmentOfIntangibleAssetsExcludingGoodwill`	$500.00K	USD	Annual
Net loss on debt modification and extinguishment	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Net loss on debt modification and extinguishment	`GainsLossesOnExtinguishmentOfDebt`	$-19.10K	USD	Annual
Change in deferred tax provision	`IncreaseDecreaseInDeferredIncomeTaxes`	$-988.63K	USD	Annual
Change in deferred tax provision	`IncreaseDecreaseInDeferredIncomeTaxes`	$22.18K	USD	Annual
Foreign currency transaction gain	`ForeignCurrencyTransactionGainLossBeforeTax`	$2.31K	USD	Annual
Foreign currency transaction gain	`ForeignCurrencyTransactionGainLossBeforeTax`	$29.40K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-51.45K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-238.00	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$68.57K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$34.28K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-198.42K	USD	Annual
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-30.08K	USD	Annual
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$-144.21K	USD	Annual
Restricted cash	`IncreaseDecreaseInRestrictedCash`	$-62.75K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-384.41K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$907.71K	USD	Annual
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$915.38K	USD	Annual
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-469.42K	USD	Annual
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-2.39M	USD	Annual
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-976.63K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$157.10K	USD	Annual
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$280.90K	USD	Annual
Sale of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	Annual
Sale of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$46.28K	USD	Annual
Purchase of investments	`PaymentsToAcquireInvestments`	-	USD	Annual
Purchase of investments	`PaymentsToAcquireInvestments`	$750.00K	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$5.16K	USD	Annual
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$1.24M	USD	Annual
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.27M	USD	Annual
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-115.97K	USD	Annual
Net payments on revolving lines of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	$-158.09K	USD	Annual
Net payments on revolving lines of credit	`ProceedsFromRepaymentsOfLinesOfCredit`	-	USD	Annual
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$616.39K	USD	Annual
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$939.15K	USD	Annual
Borrowings of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$4.04M	USD	Annual
Borrowings of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	Annual
Issuances of common stock, net of issuance costs	`PaymentsOfStockIssuanceCosts`	$-1.76M	USD	Annual
Issuances of common stock, net of issuance costs	`PaymentsOfStockIssuanceCosts`	$-1.13M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$189.19K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$5.03M	USD	Annual
Net (decrease) increase in cash	`CashPeriodIncreaseDecrease`	$-903.42K	USD	Annual
Net (decrease) increase in cash	`CashPeriodIncreaseDecrease`	$366.64K	USD	Annual
Cash beginning of year	`Cash`	$2.34M	USD	Point-in-time
Cash beginning of year	`Cash`	$1.44M	USD	Point-in-time
Cash beginning of year	`Cash`	$1.98M	USD	Point-in-time
Cash end of year	`Cash`	$2.34M	USD	Point-in-time
Cash end of year	`Cash`	$1.44M	USD	Point-in-time
Cash end of year	`Cash`	$1.98M	USD	Point-in-time

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$3.69M	USD	Point-in-time
Balance	`StockholdersEquity`	$15.86M	USD	Point-in-time
Balance	`StockholdersEquity`	$58.39M	USD	Point-in-time
Issuance of common stock, net	`StockIssuedDuringPeriodValueNewIssues`	$950.00K	USD	Point-in-time
Issuance of common stock, net	`StockIssuedDuringPeriodValueNewIssues`	$1.13M	USD	Annual
Issuance of common stock, net	`StockIssuedDuringPeriodValueNewIssues`	$41.00K	USD	Point-in-time
Issuance of common stock, net	`StockIssuedDuringPeriodValueNewIssues`	$1.55M	USD	Annual
Issuance of common stock, net	`StockIssuedDuringPeriodValueNewIssues`	$250.00K	USD	Point-in-time
Issuance of common stock, net, shares	`StockIssuedDuringPeriodSharesNewIssues`	100,000.00	shares	Point-in-time
Issuance of common stock, net, shares	`StockIssuedDuringPeriodSharesNewIssues`	4.32M	shares	Point-in-time
Stock based payments, net of tax effect	`StockIssuedDuringPeriodValueShareBasedCompensation`	$974.14K	USD	Annual
Stock based payments, net of tax effect	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.51M	USD	Annual
Exchange of warrants for common stock	`StockIssuedDuringPeriodValueOther`	$168.00	USD	Annual
Shares issued in debt modification	`SharesIssuedInDebtModification`	$41.00K	USD	Annual
Change in noncontrolling interest in Virtual Agility Technology Investment, LLC	`AdjustmentsToAdditionalPaidInCapitalOther`	$300.00K	USD	Annual
Other comprehensive loss	`OtherComprehensiveIncomeLossBeforeTax`	$-2.52K	USD	Annual
Other comprehensive loss	`OtherComprehensiveIncomeLossBeforeTax`	$-33.61K	USD	Annual
Net Loss	`ProfitLoss`	$-45.86M	USD	Annual
Net Loss	`ProfitLoss`	$-14.31M	USD	Annual
Balance	`StockholdersEquity`	$3.69M	USD	Point-in-time
Balance	`StockholdersEquity`	$15.86M	USD	Point-in-time
Balance	`StockholdersEquity`	$58.39M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.